Rule 3 - Compounding authority - Foreign Exchange (Compounding Proceedings) Rules, 2024

3. Compounding authority . - The Director of Enforcement or any of the following officers authorised by the Central Government shall be the compounding authority for the purposes of these rules, namely :- (a) an officer of the Directorate of Enforcement not below the rank of Deputy Director or Deputy Legal Adviser; or (b) an officer of the Reserve Bank not below the rank of the Assistant General Manager.